Brexit and Trump have become synonymous with instability. The UK’s referendum on EU membership and US presidential election shattered conventional standards and the consequences have reverberated beyond the corridors of power and into the pockets of private citizens.

With such cross-border uncertainty, Brits who transfer money internationally should protect their funds from fluctuating currencies. Market volatility will continue so those who plan ahead can manage their currency risk more effectively.

Prime Minister Theresa May has tried to show a firm hand to her EU counterparts, refraining from providing a transparent account of talks. However, this is likely to create an information vacuum and leading to larger market volatility.

The response of EU member states, most of which are sceptical of Brexit, will fuel further volatility. They will present a united response to Article 50, refusing Britain the right to pick and choose and making a hard Brexit more likely.

Companies that relocate will take highly skilled workers with them, creating a brain drain and removing high-spending consumers from the economy.

A lesser known element of Brexit is its direct cost. The Brexit Bill signifies the tens of billions Britain will pay to secure its exit. Britain has previously committed to a seven-year budget with the EU running to 2020, but the tabloids will pressurise the Government not to pay. This conflict will continue to be contentious and will be closely watched in the markets.

The central question with regards to the bill is the sequencing – what needs to be decided and when. Currently, France insists that the final bill be agreed upon before talks on future trade deals take place, whereas others are happy to follow Britain’s preference to discuss the two simultaneously.

With timing tight, there is a real danger that discussions could eat into the time needed for securing future trade deals.

Furthermore, if terms favourable for Scotland are not put forward, then First Minister Nicola Sturgeon will face pressure to make good on her promise of a second Referendum.

Across the pond, President Trump’s bombastic rhetoric, his stance on China and Russia, and his controversial travel ban demonstrate how at odds he is with traditional British policy. Trump’s alliance with UKIP may also have a destabilising effect on UK markets, should an early election be called in an attempt to strengthen May’s mandate.

Despite Brexit and Trump, we are living in a global economy, with many of us sending money overseas on a regular basis, whether it be to pay for holidays, buy goods that are not available at home, or to send cash to family members that are living or travelling abroad.

In these uncertain times, it is vital that anyone sending cash abroad knows how to safeguard their money. There are a number of tools available to help you stay up to speed on factors impacting the market.

Signing up to daily currency updates and regularly checking interbank rates will help ensure you’re not making foreign payments around major market-moving events. Do your research, as currency markets move quickly. Avoiding nasty surprises is crucial when navigating this unpredictable landscape.

There are a number of businesses that specialise in international payments and offer better rates than banks. Using a professional provider who offers good rates and is transparent about fees, is an effective way of keeping your money in good hands.

Shop around for the best deal but consider your personal circumstances. When making decisions about transferring your cash, it’s important you have 24/7 access to customer service. This will not only ensure timely currency exchange, but will also allow you to do business on your terms.

Once you find an international payments provider, it’s important you’re familiar with your foreign exchange options. For instance, some providers offer forward contracts and other FX products designed to help manage risk. A forward contract allows you to lock in the current exchange rate for use at a later date. This shields you and your money from market fluctuation.

If you feel that the current rate is a good one, take advantage of it, as it’s almost certain that there is no certainty.

Will Shepherd is head of treasury at an international payments provider OFX.